Eve Air Mobility Secures $150 Million Financing to Accelerate eVTOL Development

Rhea-AI Summary

Eve Air Mobility (NYSE: EVEX) secured $150 million in a 5-year debt financing from Itau, Banco do Brasil, Citibank and Mitsubishi UFJ to accelerate eVTOL development, certification and commercialization through 2028 and beyond. The proceeds will fund R&D, integration into urban air mobility ecosystems, partnerships with infrastructure and regulators, and a 2026 test campaign following a recent full-scale prototype hover flight. With this transaction, Eve's total funding reaches $1.2 billion, positioning the company among the best-capitalized firms in the eVTOL sector.

Positive

• $150M 5-year debt financing from major international banks
• Total capital raised reaches $1.2B, strengthening liquidity
• Successful full-scale prototype hover validating fly-by-wire and energy systems
• Funding allocated to R&D, certification and commercialization through 2028

Negative

• Adds $150M of debt obligations (5-year loan) increasing leverage

Key Figures

Debt financing: $150 million Loan term: 5-year Total funding: $1.2 billion +2 more

5 metrics

Debt financing $150 million Syndicated 5-year loan from multiple international banks

Loan term 5-year Tenor of the new syndicated debt facility

Total funding $1.2 billion Total funding Eve reports after this transaction

Roadmap horizon 2028 Financing supports execution of strategic roadmap through 2028 and beyond

Embraer history 56 years Embraer’s aerospace expertise backing Eve’s initiatives

Market Reality Check

Price: $4.48 Vol: Volume 1,024,410 is below...

low vol

$4.48 Last Close

Volume Volume 1,024,410 is below the 20-day average of 1,548,536 (relative volume 0.66). low

Technical Shares at $4.52 are trading below the 200-day MA of $4.72 and 41.29% below the 52-week high.

Peers on Argus

EVEX was down 3% pre-news while peers were mixed: EH -1.36%, RCAT -4.07%, RDW +5...

1 Down

EVEX was down 3% pre-news while peers were mixed: EH -1.36%, RCAT -4.07%, RDW +5.02%, ATRO +2.54%, LUNR +9.27%. Momentum scanners only flagged RCAT moving down, supporting a stock-specific setup rather than a broad sector move.

Historical Context

5 past events · Latest: Dec 19 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 19	Prototype first flight	Positive	-0.6%	Announced first flight of uncrewed full-scale eVTOL prototype with key systems validated.
Dec 19	Prototype first flight	Positive	-0.6%	Repeated report of inaugural full-scale eVTOL prototype flight and start of test campaign.
Dec 02	Supplier selection	Positive	+12.0%	Selected BETA Technologies to supply electric pusher motors for eVTOL fleet.
Dec 02	Supplier selection	Positive	+12.0%	Duplicate announcement of BETA motor supply deal backing eVTOL backlog.
Nov 04	Q3 2025 earnings	Negative	-3.6%	Reported larger net loss and cash consumption as pre-revenue development spending increased.

Pattern Detected

Recent news often saw price moves aligned with sentiment, except a mild negative reaction to the positive full-scale prototype flight update.

Recent Company History

Over the past months, Eve reported deeper investment and losses as it remained pre-revenue, including a $46.9M net loss in 3Q25 and heavy R&D tied to Embraer support. It raised equity, including a $230M placement, and disclosed a large Embraer ownership stake. Operationally, Eve completed the first flight of its full-scale eVTOL prototype and selected BETA Technologies as pusher motor supplier, supporting a backlog of 2,800 eVTOLs. Today’s $150M syndicated debt financing fits this pattern of building capital and advancing certification.

Market Pulse Summary

This announcement highlighted a new $150 million syndicated loan that lifted Eve’s total funding to ...

Analysis

This announcement highlighted a new $150 million syndicated loan that lifted Eve’s total funding to $1.2 billion, intended to accelerate eVTOL development, certification, and commercialization through 2028. It follows earlier prototype flight milestones and supplier agreements, reinforcing the capital-intensive nature of the program. Investors may watch how these funds affect cash burn, progress on the planned 2026 test campaign, and interactions with regulators as Eve advances toward its urban air mobility objectives.

Key Terms

evtol, fly-by-wire, urban air mobility, oem

4 terms

evtol technical

"a global leader in the development of next-generation electric vertical take-off and landing (eVTOL) solutions"

eVTOL stands for "electric vertical takeoff and landing" aircraft, which are small, electric-powered vehicles capable of taking off and landing vertically like a helicopter. They are designed to provide quick, on-demand transportation within cities or between locations, potentially transforming urban mobility. For investors, eVTOLs represent a growing segment of innovative transportation technology with potential for significant market impact and future growth.

fly-by-wire technical

"This successful hover validates key systems, including fly-by-wire controls and energy management"

Fly-by-wire is an aircraft control system that uses electronic signals and computers instead of direct mechanical linkages to move control surfaces like ailerons and rudders. For investors, it matters because it can lower weight and maintenance, improve fuel efficiency and safety, and shift value toward software, sensors and avionics suppliers—factors that affect development costs, certification risk, operating economics and long‑term resale value of aircraft.

urban air mobility technical

"a strong endorsement of our leadership in shaping the future of urban air mobility"

Urban air mobility is the emerging system of using small aircraft—often electric vertical takeoff and landing vehicles and delivery drones—to move people and goods around cities. Think of it as adding a new layer of roads in the sky that could cut travel time and congestion, but it matters to investors because success depends on technology, safety, regulation, airspace rules and new infrastructure, all of which affect costs, adoption and revenue potential.

oem technical

"As one of the leading OEMs in the sector, Eve's collaborative approach ensures that its technology"

OEM stands for Original Equipment Manufacturer, which is a company that produces parts or components used in the final products made by other companies. For investors, understanding OEMs is important because their performance can impact the supply chain and overall success of major industries, especially those relying on specialized parts. Think of OEMs as the suppliers that provide the building blocks for larger products, like the engine parts for a car.

AI-generated analysis. Not financial advice.

Investor confidence remains strong as Eve accelerates certification and commercialization with high liquidity

MELBOURNE, Fla., Jan. 20, 2026 /PRNewswire/ -- Eve Air Mobility ("Eve") (NYSE: EVEX, EVEXW; B3: EVEB31), a global leader in the development of next-generation electric vertical take-off and landing (eVTOL) solutions, has secured $150 million in debt financing from a syndicate of leading financial institutions. The 5-year loan included Itau, Banco do Brasil, Citibank, and Mitsubishi UFJ Financial Group, underscoring strong market confidence in Eve's vision and long-term strategy. 

"This successful debt raise represents a significant milestone for Eve and a strong endorsement of our leadership in shaping the future of urban air mobility," said Eduardo Couto, chief financial officer at Eve Air Mobility. "The confidence of large banks reinforces our commitment to delivering a fully integrated eVTOL ecosystem. This financing provides long-term resources necessary to accelerate development, advance certification, and execute our strategic roadmap through 2028 and beyond."

The proceeds will support Eve's research and development, including the integration of its eVTOL aircraft into a comprehensive urban air mobility ecosystem. This funding accelerates technological progress and strengthens partnerships with infrastructure providers and regulatory bodies. With these resources, the Company can advance aircraft certification and commercialization while ensuring compliance with global aviation standards. This transaction enhances Eve's capacity to meet rising global demand for sustainable, low-emission transportation and enables scalable operations in key urban markets.

With this transaction, Eve's total funding now reaches $1.2 billion, reaffirming its status as one of the best-capitalized companies in the emerging eVTOL market.

The Company recently completed the first flight of its full-scale engineering prototype at Embraer's test facility in Brazil, marking a critical step toward commercialization. This successful hover validates key systems, including fly-by-wire controls and energy management, and initiates a robust test campaign planned for 2026. 

Eve Air Mobility continues to strengthen its position as a leader in the United States' Urban Air Mobility ecosystem. With a growing network of suppliers, customers, and strategic partners, Eve is not only delivering innovative solutions but also shaping the future of urban air mobility. As one of the leading OEMs in the sector, Eve's collaborative approach ensures that its technology and services are deeply embedded in the U.S. market, creating a strong foundation for sustainable growth and operational readiness across the entire Urban Air Mobility value chain.

About Eve Air Mobility

Eve Air Mobility is dedicated to accelerating the Urban Air Mobility ecosystem. Benefitting from a start-up mindset, backed by Embraer's 56-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the Urban Air Mobility ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Eve is listed on the New York Stock Exchange (EVEX; EVEXW) and the São Paulo Stock Exchange (EVEB31), where its shares of common stock, public warrants and Brazilian Depository Receipts are traded. For more information, please visit www.eveairmobility.com

Forward-Looking Statement Disclosure 

Certain statements contained in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements. other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement. 

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SOURCE Eve Air Mobility

FAQ

Who provided the $150 million financing to Eve Air Mobility (EVEX) on January 20, 2026?

A syndicate of banks led by Itau, Banco do Brasil, Citibank and Mitsubishi UFJ provided the 5-year loan.

How will the $150 million financing be used by Eve Air Mobility (EVEX)?

Proceeds will fund research & development, aircraft integration, partnerships with infrastructure and regulators, and certification/commercialization efforts.

What is Eve Air Mobility's (EVEX) total funding after the January 20, 2026 transaction?

The company stated total funding now equals $1.2 billion following this financing.

What recent flight milestone did Eve Air Mobility (EVEX) report ahead of its 2026 test campaign?

Eve completed the first full-scale engineering prototype hover, validating fly-by-wire controls and energy management systems.

What is the expected near-term timeline for Eve Air Mobility's (EVEX) test campaign and certification work?

A robust test campaign is planned for 2026 to advance aircraft certification and commercialization.